On Sat, 08 Aug 2015 13:40:53 -0400, "Mr. Luddite"
wrote:

On 8/8/2015 12:13 PM, wrote:
On Sat, 08 Aug 2015 12:01:06 -0400, John H.
wrote:

A debate amongst Republican presidential wannabees should focus on public issues, not
personal background. The questions asked of Trump should have been part of a
one-on-one interview. None of the other candidates were asked only personal
questions.

Had to get my comment in before reading the stuff which has been accumulating here
over the past three days.

When a guy is running on his business record, his bankruptcies should
be fair game.



I am not as concerned about businesses owned by Trump that declared
bankruptcy. He claims to own about 500 companies, only four of those
filed for bankruptcy. I believe at least two of them were "arranged"
bankruptcies, meaning he bought distressed companies, put them in
bankruptcy to mitigate liabilities and then re-incorporated them.
That's common in the business world. Hell, even the US government did
it with General Motors.

The Atlantic City/Gaming bankruptcies were big and ugly. He tried to
deflect by saying he screwed big players and bad guys but a ****load
of people lost their jobs and many more go hurt by his dubious
business practices. He's as loose and fast in business as he is with
his mouth.

On 8/8/2015 7:25 PM, jps wrote:
On Sat, 08 Aug 2015 13:40:53 -0400, "Mr. Luddite"
wrote:

On 8/8/2015 12:13 PM, wrote:
On Sat, 08 Aug 2015 12:01:06 -0400, John H.
wrote:

A debate amongst Republican presidential wannabees should focus on public issues, not
personal background. The questions asked of Trump should have been part of a
one-on-one interview. None of the other candidates were asked only personal
questions.

Had to get my comment in before reading the stuff which has been accumulating here
over the past three days.

When a guy is running on his business record, his bankruptcies should
be fair game.



I am not as concerned about businesses owned by Trump that declared
bankruptcy. He claims to own about 500 companies, only four of those
filed for bankruptcy. I believe at least two of them were "arranged"
bankruptcies, meaning he bought distressed companies, put them in
bankruptcy to mitigate liabilities and then re-incorporated them.
That's common in the business world. Hell, even the US government did
it with General Motors.

The Atlantic City/Gaming bankruptcies were big and ugly. He tried to
deflect by saying he screwed big players and bad guys but a ****load
of people lost their jobs and many more go hurt by his dubious
business practices. He's as loose and fast in business as he is with
his mouth.



I hear you but again, that's the way things are in big business and it's
two-sided. It's why I got out when the getting was good ... before I
had to deal with being part of a public company and all that goes with it.

I witnessed how small banks deal with business investments, lines of
credit or financing in another company that I worked for before I
started mine. Banks aren't your "partner" like they try to promote
themselves as. One quarterly downturn in business and missing one of
the covenants associated with your agreement and you can find yourself
out of business fast with a bunch of unemployed employees. When I
started my company I swore I'd never do any form of bank financing ...
and I didn't. Never had a bank line of any kind. All of the growth
financing was organic, based on profits made on an increasing volume of
contracts.

Trump plays with the *really* big boys for financing and I am sure it's
a big reason of why he is what he is and how he acts. I can't even
imagine it.

Have to admit though, Trump's places in Atlantic City were impressive
when they were in their prime. One of my stops on the way to Florida
with the boat was the Trump Marina/Casino. I don't particularly care for
those places though. Gives me a creepy feeling watching all the retired
people blowing their money trying to hit it big.

On Sat, 08 Aug 2015 20:23:31 -0400, "Mr. Luddite"
wrote:

On 8/8/2015 7:25 PM, jps wrote:
On Sat, 08 Aug 2015 13:40:53 -0400, "Mr. Luddite"
wrote:

On 8/8/2015 12:13 PM, wrote:
On Sat, 08 Aug 2015 12:01:06 -0400, John H.
wrote:

A debate amongst Republican presidential wannabees should focus on public issues, not
personal background. The questions asked of Trump should have been part of a
one-on-one interview. None of the other candidates were asked only personal
questions.

Had to get my comment in before reading the stuff which has been accumulating here
over the past three days.

When a guy is running on his business record, his bankruptcies should
be fair game.



I am not as concerned about businesses owned by Trump that declared
bankruptcy. He claims to own about 500 companies, only four of those
filed for bankruptcy. I believe at least two of them were "arranged"
bankruptcies, meaning he bought distressed companies, put them in
bankruptcy to mitigate liabilities and then re-incorporated them.
That's common in the business world. Hell, even the US government did
it with General Motors.

The Atlantic City/Gaming bankruptcies were big and ugly. He tried to
deflect by saying he screwed big players and bad guys but a ****load
of people lost their jobs and many more go hurt by his dubious
business practices. He's as loose and fast in business as he is with
his mouth.



I hear you but again, that's the way things are in big business and it's
two-sided. It's why I got out when the getting was good ... before I
had to deal with being part of a public company and all that goes with it.

I witnessed how small banks deal with business investments, lines of
credit or financing in another company that I worked for before I
started mine. Banks aren't your "partner" like they try to promote
themselves as. One quarterly downturn in business and missing one of
the covenants associated with your agreement and you can find yourself
out of business fast with a bunch of unemployed employees. When I
started my company I swore I'd never do any form of bank financing ...
and I didn't. Never had a bank line of any kind. All of the growth
financing was organic, based on profits made on an increasing volume of
contracts.

Trump plays with the *really* big boys for financing and I am sure it's
a big reason of why he is what he is and how he acts. I can't even
imagine it.

Have to admit though, Trump's places in Atlantic City were impressive
when they were in their prime. One of my stops on the way to Florida
with the boat was the Trump Marina/Casino. I don't particularly care for
those places though. Gives me a creepy feeling watching all the retired
people blowing their money trying to hit it big.

An ugly side to America, for certain. Those entities did a lot to help
my business grow but when the going got tough, they didn't mind
reneging on their promises.

Bean counters.

On Sat, 08 Aug 2015 20:23:31 -0400, "Mr. Luddite"
wrote:

Have to admit though, Trump's places in Atlantic City were impressive
when they were in their prime. One of my stops on the way to Florida
with the boat was the Trump Marina/Casino. I don't particularly care for
those places though. Gives me a creepy feeling watching all the retired
people blowing their money trying to hit it big.

I was in AC real early in the gambling game. The guys spent a night at
Ballys and moved enough chips to get a couple of rooms comped.
Although I broke about even Bally lost money on us.

We also decided to see what was outside the casino.
I knew then that this was a doomed "rejuvenation" of that slum city.
As soon as you walked out of the casino, the place was a **** hole and
there were not many people even adventuring outside.